Civic Intelligence

51St Street Sprinkler Protection

EIN 23-7329900 • 501(c)12 • Orland Park, IL

Profile

Association provides sprinkler service to member companies, for which they pay assessments based on the number of sprinkler heads. Expenses are primarily incurred to maintain and repair the sprinkler system.

13815 Camelot CTOrland Park, IL 60467
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

42nd percentile

0.13x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

1.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-123%

Higher net margin than 1% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$18,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Asset Growth

32nd percentile

-1.5%

Faster asset growth than 32% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-14%

Faster revenue growth than 9% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,203,662

Down $18,135 (-1.5%) from 2023

Liabilities

Up

$159,444

Up $159,444 from 2023

Net Assets

Down

$1,044,218

Down $177,579 (-15%) from 2023

Revenue

Down

$158,741

Down $25,877 (-14%) from 2023

Expenses

Up

$353,490

Up $89,546 (+34%) from 2023

Net Income

Down

-$194,749

Down $115,423 (-146%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2021: $1,261,552Liabilities 2021: $0Net Assets 2021: $1,261,5522021Assets 2022: $1,325,831Liabilities 2022: $0Net Assets 2022: $1,325,8312022Assets 2023: $1,221,797Liabilities 2023: $0Net Assets 2023: $1,221,7972023Assets 2024: $1,203,662Liabilities 2024: $159,444Net Assets 2024: $1,044,2182024

Highlighted filing

2024

Assets$1,203,662
Liabilities$159,444
Net Assets$1,044,218

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2021: $243,006Expenses 2021: $103,174Net Income 2021: $139,8322021Revenue 2022: $297,701Expenses 2022: $137,620Net Income 2022: $160,0812022Revenue 2023: $184,618Expenses 2023: $263,944Net Income 2023: -$79,3262023Revenue 2024: $158,741Expenses 2024: $353,490Net Income 2024: -$194,7492024

Highlighted filing

2024

Revenue$158,741
Expenses$353,490
Net Income-$194,749

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$158,741
Mission and Program Overview

Mission

Association provides sprinkler service to member companies, for which they pay assessments based on the number of sprinkler heads. Expenses are primarily incurred to maintain and repair the sprinkler system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,221,797$1,044,218▼ $177,579
Investments in Publicly Traded Securities$452,125$706,494▲ $254,369
Other Notes and Loans Receivable, Net$300,000$300,000→ $0
Savings and Temporary Cash Investments$201,669$100,200▼ $101,469
Cash and Non-Interest-Bearing Accounts$166,258$89,644▼ $76,614
Land, Buildings, and Equipment, Net$7,525$7,324▼ $201
Total Assets$1,221,797$1,203,662▼ $18,135
Other Assets Total$94,220--
Liabilities
Other Liabilities-$159,444-
Total Liabilities$0$159,444▲ $159,444
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,221,797$1,044,218▼ $177,579
Total Liabilities and Net Assets / Fund Balance$1,221,797$1,203,662▼ $18,135

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,324$511$7,835
Compensation and Service Providers

Employees

NameTitleBaseTotal
Joseph C MihalovPresident$18,000$18,000

Board Members and Trustees

NameTitle
Beata JanociakDirector
Mike MendenhallDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$150,617
Investment Income
$8,024
Other Revenue
$100
Change in Net Assets
$-194,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,490
Salaries, Compensation, and Employee Benefits$18,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$318,231
Current Officers, Directors, Trustees, and Key Employees---$18,000
Insurance---$10,797
Fees for Services Accounting---$5,500
Office Expenses---$620
Depreciation Depletion---$201
Travel---$60
Other Expenses---$10
Total Functional Expenses$0$0$0$353,490
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to 51st Water Association$159,444
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Member companies elect the board of directors and approve significant decision.

Form 990, Page 6, Part VI, Line 7A

The association is a water cooperative. It owns and maintains an underground sprinkler system connected to member companies. Member companies elect a board of directors and officers, who direct the day-to- day operations of the association. Certain decisions of the board of directors (primarily those which involve large expenditures) require an approval of the member companies. An annual meeting of all members is held and minutes are maintained for those meetings. All members may review form 990 filed by the association upon reasonable notice. The president of the association reviews and signs form 990.

Form 990, Page 6, Part VI, Line 7B

Significant decisions of the associations, such as large planned expenditures, require approval by the members.

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is circulated to the members of the board of directors. One of the board members signs the form 990.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request and reasonable notice.

Filing and Contact Details

Filer

Filer Name
51st Street Sprinkler Protection
EIN
23-7329900
Phone
8478467722
Address
13815 CAMELOT CT, ORLAND PARK, IL 60467

Signing Officer

Name
Joseph C Mihalov
Title
President
Phone
8478467722
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph C Mihalov
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Mihalov Barton & Burrus LLC
Address
2601 CHICAGO ST SUITE A, VALPARAISO, IN 46383-6111
Preparer
Jerry Barton
Phone
2194641011
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Association provides sprinkler service to member companies, for which they pay assessments based on the number of sprinkler heads. Expenses are primarily incurred to maintain and repair the sprinkler system.

Raw XML Appendix260 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0ASSOCIATION PROVIDES SPRINKLER SERVICE TO MEMBER COMPANIES, FOR WHICH THEY PAY ASSESSMENTS BASED ON THE NUMBER OF SPRINKLER HEADS. EXPENSES ARE PRIMARILY INCURRED TO MAINTAIN AND REPAIR THE SPRINKLER SYSTEM.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt018000
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0158741
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08024
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0452125
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IRS990/IRPDocumentCnt02
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IRS990/LandBldgEquipCostOrOtherBssAmt07835
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IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt0150617
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01221797
IRS990/NetAssetsOrFundBalancesEOYAmt01044218
IRS990/NetUnrlzdGainsLossesInvstAmt017170
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0318231
IRS990/OfficeExpensesGrp/TotalAmt0620
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt094220
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1LICENSES AND PERMITS
IRS990/OtherExpensesGrp/TotalAmt071
IRS990/OtherExpensesGrp/TotalAmt110
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IRS990/PYInvestmentIncomeAmt0-14432
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IRS990/PYTotalExpensesAmt0263944
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IRS990/ReconcilationRevenueExpnssAmt0-194749
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01221797
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt07324
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSOCIATION PROVIDES SPRINKLER SERVICE TO MEMBER COMPANIES, FOR WHICH THEY PAY ASSESSMENTS BASED ON THE NUMBER OF SPRINKLER HEADS. EXPENSES ARE PRIMARILY INCURRED TO MAINTAIN AND REPAIR THE SPRINKLER SYSTEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBER COMPANIES ELECT THE BOARD OF DIRECTORS AND APPROVE SIGNIFICANT DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION IS A WATER COOPERATIVE. IT OWNS AND MAINTAINS AN UNDERGROUND SPRINKLER SYSTEM CONNECTED TO MEMBER COMPANIES. MEMBER COMPANIES ELECT A BOARD OF DIRECTORS AND OFFICERS, WHO DIRECT THE DAY-TO- DAY OPERATIONS OF THE ASSOCIATION. CERTAIN DECISIONS OF THE BOARD OF DIRECTORS (PRIMARILY THOSE WHICH INVOLVE LARGE EXPENDITURES) REQUIRE AN APPROVAL OF THE MEMBER COMPANIES. AN ANNUAL MEETING OF ALL MEMBERS IS HELD AND MINUTES ARE MAINTAINED FOR THOSE MEETINGS. ALL MEMBERS MAY REVIEW FORM 990 FILED BY THE ASSOCIATION UPON REASONABLE NOTICE. THE PRESIDENT OF THE ASSOCIATION REVIEWS AND SIGNS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SIGNIFICANT DECISIONS OF THE ASSOCIATIONS, SUCH AS LARGE PLANNED EXPENDITURES, REQUIRE APPROVAL BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF FORM 990 IS CIRCULATED TO THE MEMBERS OF THE BOARD OF DIRECTORS. ONE OF THE BOARD MEMBERS SIGNS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND REASONABLE NOTICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH C MIHALOV
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08478467722
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt051ST STREET SPRINKLER PROTECTION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SYSTEM ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt051ST
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ReturnHeader/Filer/PhoneNum08478467722
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ReturnHeader/Filer/USAddress/CityNm0ORLAND PARK
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453967508
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MIHALOV BARTON & BURRUS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02601 CHICAGO ST SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VALPARAISO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0463836111
ReturnHeader/PreparerPersonGrp/PhoneNum02194641011
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERRY BARTON
ReturnHeader/ReturnTs02025-11-07T13:57:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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